Posted by Anonymous
May 9, 2025
1 answer
Posted by Anonymous - May 9, 2025
Here's the scoop: the government, through the FCCPC, kinda got burned trying to stop MultiChoice from raising prices. According to the judge in Abuja, the FCCPC doesn't have the legal chops to bar companies from upping prices unless they've got a thumbs-up from the President.
What's important here is that Nigeria works on a free market system. This means companies like MultiChoice can set their own prices unless there's a massive reason for the government to step in. Plus, to keep the economy alive and juicy, service providers doing their thing without heavy interference is better.
To sum it up, unless the President wants to hit the brakes on price hikes across the whole industry, the government can't just stop one company like MultiChoice. And man, I get it; using the free market to let people vote with their wallets seems way better than an overstepped hand from the government.
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